Consumer Price Index: OECD Groups: Housing: Housing Excluding Imputed Rentals for Housing for Norway
Quarterly
NORCPGRHO02GPQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.86
Year-over-Year Change
111.94%
Date Range
4/1/1979 - 10/1/2023
Summary
The Quarterly Non-Residential Construction Put in Place measures the total value of construction projects for non-residential buildings in the United States, providing key insights into economic activity and investment.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This economic indicator tracks the value of new construction for a wide range of non-residential building types, including commercial, industrial, educational, and healthcare facilities. It is an important metric for understanding overall business investment and growth within the construction sector.
Methodology
The data is collected through surveys of construction firms and government agencies by the U.S. Census Bureau.
Historical Context
Analysts and policymakers use this indicator to assess the health of the broader economy and guide decisions around fiscal and monetary policy.
Key Facts
- The series dates back to 1993.
- Construction accounts for around 4% of U.S. GDP.
- Non-residential construction makes up over half of total construction spending.
FAQs
Q: What does this economic trend measure?
A: The Quarterly Non-Residential Construction Put in Place measures the total value of new construction projects for commercial, industrial, and institutional buildings in the United States.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides important insights into business investment and economic growth, as construction activity is a key driver of overall economic activity.
Q: How is this data collected or calculated?
A: The data is collected through surveys of construction firms and government agencies by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this indicator to assess the health of the broader economy and guide decisions around fiscal and monetary policy.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis, with a lag of approximately 2 months.
Related Trends
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Citation
U.S. Federal Reserve, Quarterly Non-Residential Construction Put in Place (NORCPGRHO02GPQ), retrieved from FRED.